Imperva to Acquire DevOps Security Leader Prevoty

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Published: July 26, 2018 4:10 p.m. ET

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Acquisition will add a new layer of security, enhancing customers’
ability to protect their business from cybercriminals

Imperva,
Inc.
IMPV, +0.02%
a leading global provider of best-in-class
cybersecurity solutions on-premises, in the cloud and across hybrid
environments, today announced it signed an agreement to acquire Prevoty.
Together, Imperva and Prevoty will provide comprehensive security
solutions to protect application services residing on-premises and in
the cloud. This solution aligns with how organizations are developing
and deploying application services in a hybrid cloud world.

The combination of Imperva and Prevoty will expand customers’ security
capabilities and their visibility into how applications are accessed,
what happens within the applications, and how applications and users
interact with data. With this expanded view across their business
assets, customers will have deeper insights to help them understand and
mitigate security risk.

“The acquisition is expected to advance our hybrid security strategy and
further our mission to deliver best-in-class cybersecurity solutions,”
said Chris Hylen, president and CEO of Imperva. “Prevoty complements
current Imperva application and data security offerings. When combined
with our on-premises and cloud products, it will help businesses better
protect themselves from attacks, prevent breaches and monitor security
across their digital business. Combined with Imperva insights offerings,
Prevoty will further help to identify the true risks to customers’
application services.”

An early innovator, Prevoty is the recognized leader in The
Forrester New Wave™: Runtime Application Self-Protection, Q1 2018.
According to the report, written by Amy DeMartine, principal analyst at
Forrester, “Prevoty leads the pack with robust attack detection,
response, and visibility.”

Prevoty will enable customers using agile development to natively build
security into their applications, extending Imperva’s reach into the
DevOps market. Prevoty combines the rich, detailed context of the
application itself with an easy-to-deploy security solution that
integrates seamlessly into continuous integration and continuous
deployment life cycles.

“Our team is excited to join Imperva, a company with a long track record
of cybersecurity leadership and innovation,” said Julien Bellanger, CEO
of Prevoty. “We believe that the combination of our solutions with
Imperva’s portfolio of products will allow us to jointly create the gold
standard in technology for application and data protection for
organizations everywhere.”

Imperva has extended employment offers to all Prevoty employees and
looks forward to them joining the team. Prevoty’s Los Angeles office
will become an Imperva location.

To learn more about how the Prevoty acquisition extends our reach into
the DevOps community read our blog at bit.ly/2O6h4mi.

Terms

The transaction is valued at $140 million in cash, subject to potential
working capital and other adjustments, and is expected to close in the
third quarter of fiscal 2018, subject to customary closing conditions.

About Imperva

Imperva® is a leading cybersecurity company that delivers best-in-class
solutions to protect data and applications – wherever they reside –
on-premises, in the cloud, and across hybrid environments. The company’s Incapsula,
SecureSphere,
and CounterBreach
product lines help organizations protect websites, applications, APIs,
and databases from cyberattacks while ensuring compliance. Imperva
innovates using data, analytics, and insights from our experts and our
community to deliver simple, effective and enduring solutions that
protect our customers from cybercriminals. Learn more at www.imperva.com,
our blog,
or Twitter.

Forward-Looking Statements

This news release contains forward-looking statements, including those
regarding Imperva’s belief that the acquisition will advance our hybrid
cloud strategy and further its mission to deliver best-in-class
cybersecurity solutions; the anticipated benefits to Imperva and its
customers of the contemplated acquisition of Prevoty, including the
belief that the combination of Imperva and Prevoty will (i) expand
customers’ security capabilities and their visibility to help them
understand and mitigate security risk, (ii) help businesses better
protect themselves from attacks, prevent breaches and monitor security
across their digital business, and (iii) provide security in depth from
the network all the way to the applications and the data that users are
interacting with; the ability of Imperva to successfully integrate
Prevoty products into its existing product suite and jointly create the
gold standard for application and data security; the expected timing of
the completion of the transaction; and the ability to complete the
transaction considering the various closing conditions. These
forward-looking statements are subject to material risks and
uncertainties that could cause actual results to differ materially from
those in the forward-looking statements. Investors should consider
important risk factors, which include: the risk that Imperva will be
unable to successfully integrate Prevoty, the risk that Imperva will
have difficulty retaining key employees of Prevoty; the risk that our
development and integration expenses are greater than we anticipate; the
risk that customers may not accept, or may not demand, the combined
capabilities to the degree that we anticipate; and other risks detailed
under the caption “Risk Factors” in the company’s Quarterly Report on
Form 10-Q filed with the SEC on May 9, 2018 and the company’s other SEC
filings. You can obtain copies of the company’s SEC filings on the SEC’s
website at www.sec.gov.

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